Textile penny stock under Rs 80: Company secures Rs 1,40,00,000 order from Shivtex India for carpet yarn machinery solutions!
The stock is up over 60 per cent from its 52-week low of Rs 45 per share.
MEERA Industries Limited, a leading manufacturer of twisting and heat-setting machines, has secured a significant domestic order worth Rs 1,40,00,000 from Shivtex India, a prominent textile group based in Panipat, Haryana. This order, announced on July 2, 2025, reinforces MEERA’s strong leadership in the Carpet Yarn Manufacturing segment and marks a robust start to the second quarter of FY 2025–26. The project includes the supply of MEERA’s acclaimed Carpet Cabler, recognised for its energy efficiency and high productivity in twisting carpet yarns, and the AW-250 Assembly Winder, an essential pre-cabling process machine that ensures precise yarn assembly with equal tension and length matching, critical for defect-free production.
This strategic order underscores Meera Industries’ continued dominance in the Carpet Yarn segment, particularly within Panipat, which is a major carpet manufacturing hub in India. The partnership with Shivtex India further solidifies MEERA’s domestic presence and reaffirms its standing as a preferred technology partner for high-end yarn processing solutions. With its expanding product portfolio and robust technical capabilities, MEERA Industries continues to attract interest from both domestic and international manufacturers seeking quality, reliability, and innovation in yarn processing machinery.
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About the Company
Meera Industries Limited is a globally recognised Indian company specialising in the manufacturing of advanced twisting, cabling, and heat-setting machines for the synthetic yarn industry. The company is renowned for its innovative engineering, consistently setting industry benchmarks in energy efficiency, automation, and yarn quality enhancement. Meera Industries primarily focuses on the Carpet Yarn Segment, where it holds a dominant market share of over 90 per cent in India and is actively expanding its presence in key global textile markets.
Meera Industries has a market cap of Rs 75 crore and the stock is trading below Rs 80 per share. The stock is up over 60 per cent from its 52-week low of Rs 45 per share.
Disclaimer: The article is for informational purposes only and not investment advice.